§ 8-2.1-22-15 — Ownership of certificate; sale or transfer

Any certificate or part owned, held, or
obtained by the carrier may be sold, assigned, leased, bequeathed, or
transferred as other property upon approval by the department. The
department may inquire into the responsibility of the person obtaining
or seeking to obtain ownership or control of any certificate or part, the
person's readiness, ability, and willingness to perform the service
proposed, and whether the proposed service, to the extent authorized
by the certificate, is or will be consistent with the public interest and
the state transportation policy declared in this title. If the department
finds the person to be irresponsible or unable to render satisfactory and
adequate service under the certificate or part, or if it finds that the
transfer will not be consistent with the public interest, the department
may enter an order denying the transfer, in whole or in part. However,
a certificate or part may not be sold, assigned, leased, bequeathed, or
transferred.

Legislative History

As added by P.L.99-1989, SEC.13. Amended by P.L.205-2025, SEC.33.